Botswana`s GDP grows by 4.1%
source: The Botswana Gazette
Written by NCHIDZI SMARTS
Wednesday, 07 July 2010 12:00
The country’s gross domestic product (GDP) grew by 4.1 percent in the first quarter of 2010, according to estimates released by the Central Statistics Office (CSO).
This reflects the continued recovery in the Botswana economy since the contraction in 2009, which is now estimated at -3.7 percent. Output in the first quarter was 36.4 percent higher than the same period the previous year, mainly due to increased production by the diamond mines, which were temporarily closed in early 2009.
Real GDP increased by 4.1 percent in March compared to the revised 15.4 percent increase registered during the fourth quarter last year.
The Central Statistics Office (CSO) has also said that according to data the main contributor to the March 2010 increase was mining which recorded an increase of [continue reading]